ALGINVEST: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
What changed
ALGINVEST
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€4.8m
2024 · €4.6m+€171,942
Equity
€87.9m
2024 · €87.5m+€315,913
Cash
€192,179
2024 · €115,342+€76,837
Balance sheet total
€92.5m
2024 · €94.3m-€1.8m
Largest movements
Assets
- Current investments -€2.3m
down €2.3m (-41.6%), from €5.5m to €3.2m
Equity and liabilities
- Other debts -€2.2m
down €2.2m (-31.8%), from €6.8m to €4.6m
Income statement
No income-statement line moved by more than 1% of the activity.
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Result 2024
€4.6m
Depreciation
+€2,680
Other operating charges
-€54,609
Other operating items
+€8,894
Financial income
+€212,732
Financial charges
+€2,244
Result 2025
€4.8m
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€2.3m
Investment
+€2.3m
Financing
-€4.5m
Cash 2024
€115,342
From operations (derived)
+€2.3m
Net result for the year
+€4.8m
Receivables within one year
-€370,269
Other debts
-€2.2m
Investment (derived)
+€2.3m
Current investments
+€2.3m
Financing
-€4.5m
Contributions, distributions and other
-€4.5m
Cash 2025
€192,179
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €94,330,157 | €92,487,263 | -€1.8m | -2.0% |
| Fixed assets | 21/28 | €86,162,724 | €86,162,724 | = | 0.0% |
| Financial fixed assets | 28 | €86,162,724 | €86,162,724 | = | 0.0% |
| Other financial fixed assets | 284/8 | €86,162,724 | €86,162,724 | = | 0.0% |
| Shares | 284 | €86,162,724 | €86,162,724 | = | 0.0% |
| Current assets | 29/58 | €8,167,433 | €6,324,539 | -€1.8m | -22.6% |
| Amounts receivable within one year | 40/41 | €2,552,091 | €2,922,360 | +€370,269 | +14.5% |
| Other amounts receivable | 41 | €2,552,091 | €2,922,360 | +€370,269 | +14.5% |
| Current investments | 50/53 | €5,500,000 | €3,210,000 | -€2.3m | -41.6% |
| Other investments | 51/53 | €5,500,000 | €3,210,000 | -€2.3m | -41.6% |
| Cash at bank and in hand | 54/58 | €115,342 | €192,179 | +€76,837 | +66.6% |
| Total equity and liabilities | 10/49 | €94,330,157 | €92,487,263 | -€1.8m | -2.0% |
| Equity | 10/15 | €87,540,157 | €87,856,070 | +€315,913 | +0.4% |
| Contributions | 10/11 | €82,732,000 | €82,732,000 | = | 0.0% |
| Capital | 10 | €82,732,000 | €82,732,000 | = | 0.0% |
| Issued capital | 100 | €82,732,000 | €82,732,000 | = | 0.0% |
| Reserves | 13 | €948,563 | €1,189,358 | +€240,796 | +25.4% |
| Non-distributable reserves | 130/1 | €948,563 | €1,189,358 | +€240,796 | +25.4% |
| Legal reserve | 130 | €948,563 | €1,189,358 | +€240,796 | +25.4% |
| Profit (loss) carried forward | 14 | €3,859,594 | €3,934,711 | +€75,117 | +1.9% |
| Amounts payable | 17/49 | €6,790,000 | €4,631,194 | -€2.2m | -31.8% |
| Amounts payable within one year | 42/48 | €6,790,000 | €4,631,194 | -€2.2m | -31.8% |
| Other amounts payable | 47/48 | €6,790,000 | €4,631,194 | -€2.2m | -31.8% |
| Operating charges | 60/66A | €115,658 | €158,693 | +€43,035 | +37.2% |
| Services and other goods | 61 | €12,644 | €3,750 | -€8,894 | -70.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,680 | - | -€2,680 | |
| Other operating charges | 640/8 | €100,334 | €154,943 | +€54,609 | +54.4% |
| Operating profit (loss) | 9901 | -€115,658 | -€158,693 | -€43,035 | -37.2% |
| Financial income | 75/76B | €4,764,234 | €4,976,966 | +€212,732 | +4.5% |
| Recurring financial income | 75 | €4,764,234 | €4,976,966 | +€212,732 | +4.5% |
| Income from financial fixed assets | 750 | €4,652,590 | €4,893,459 | +€240,869 | +5.2% |
| Income from current assets | 751 | €111,644 | €83,507 | -€28,137 | -25.2% |
| Financial charges | 65/66B | €4,605 | €2,361 | -€2,244 | -48.7% |
| Recurring financial charges | 65 | €4,605 | €2,361 | -€2,244 | -48.7% |
| Debt charges | 650 | €4,326 | €2,024 | -€2,302 | -53.2% |
| Other financial charges | 652/9 | €279 | €337 | +€58 | +20.7% |
| Profit (loss) for the period before taxes | 9903 | €4,643,971 | €4,815,913 | +€171,942 | +3.7% |
| Profit (loss) for the period | 9904 | €4,643,971 | €4,815,913 | +€171,942 | +3.7% |
| Profit (loss) for the period to be appropriated | 9905 | €4,643,971 | €4,815,913 | +€171,942 | +3.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.